
Basic information
Financial Summary
Client
information
Name: Carlos Mouynes
Title: CFO
Telephone: (+507) 206-6613
Email: carlos.mouynes@globalbank.com.pa
Project
Scope
and
Objective
The objective of this transaction is to increase access to financing for small and medium enterprises (“SMEs”) and female retail clients in Panama, by creating and implementing a holistic value proposition which will support the growth of Global Bank’s women and SME portfolios. To do this, IDB Invest is proposing a Senior Unsecured Loan of approximately US$ 160 million to Global Bank Corporation (“Global Bank” or “GBC”) comprised by (i) A Loan of up to US$60 million to be funded by IDB Invest; and (ii) IDB Invest B Loan expected to be of approximately US$100 million, to be funded through the sale of participations to commercial lenders (the “Project”). The term of the IDB Invest A Loan is up to four years, including one year of grace.